How to avoid the pitfalls of a donor audit
'A wide range of charities rely on grants to fund significant parts of their ongoing activities, with many more able to obtain grant funding for specific projects. Grant funding can enable charities to raise significant funds from a single source, however, they often require the recipient to comply in full with conditions which are onerous. Non-compliance can have significant consequences including clawbacks and funders withholding payments.
Some funders require that external certification is obtained from an auditor, and in some instances this will be commissioned directly by the donor. Whilst many donor audits proceed smoothly, there are a number of common pitfalls which in some instances can be easily avoided with appropriate preventative action.'
Senior Manager Steve Harper has written an article for the Civil Society on how to avoid the pitfalls of a donor audit. For the full article, click here. First published November 2017.